81 FR 39104 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 81, Issue 115 (June 15, 2016)
Office of the Comptroller of the Currency
Federal Register Volume 81, Issue 115 (June 15, 2016)
| Page Range | 39104-39105 | |
| FR Document | 2016-14162 |
[Federal Register Volume 81, Number 115 (Wednesday, June 15, 2016)] [Notices] [Pages 39104-39105] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14162] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Lending Limits AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the renewal of an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning renewal of its information collection titled, ``Lending Limits.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted by July 15, 2016. ADDRESSES: Because paper mail in the Washington, DC area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0221, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219. In addition, comments may be sent by fax to (571) 465-4326 or by electronic mail to [email protected]. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649-6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that [[Page 39105]] you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0221, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503, or by email to: [email protected]. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is publishing notice of the renewal of the collection of information set forth in this document. Title: Lending Limits. OMB Control No.: 1557-0221 (12 CFR 32.7) (Merging in 1557-0317 (12 CFR 32.7)). Affected Public: Businesses or other for-profit. Type of Review: Extension of a currently approved collection. Abstract: 12 CFR 32.7(a) provides that, in addition to the amount that a national bank or savings association may lend to one borrower under 12 CFR 32.3, an eligible national bank or savings association may make residential real estate loans, small business loans, small farm loans or extensions of credit thereof to one borrower in the lesser of the following two amounts: 10 percent of its capital and surplus; or the percent of its capital and surplus, in excess of 15 percent, that a State bank or savings association is permitted to lend under the State lending limit that is available for residential real estate loans or unsecured loans in the state where the main office of the national bank or savings association is located.\1\ --------------------------------------------------------------------------- \1\ An eligible national bank or eligible savings association is well capitalized as defined in the prompt corrective action rules applicable to the institution and has a composite rating of 1 or 2 under the Uniform Financial Institutions Rating System in connection with its most recent examination or subsequent review, with at least a rating of 2 for asset quality and for management. --------------------------------------------------------------------------- An eligible national bank or savings association must submit an application to, and receive approval from, its supervisory office before using the supplemental lending limits in Sec. 32.7(a). The supervisory office may approve a completed application if it finds that approval is consistent with safety and soundness. Section 32.7(b) provides that the application must include: (1) Certification that the national bank or savings association is an eligible national bank or eligible savings association; (2) Citations to relevant State laws or regulations; (3) A copy of a written resolution by a majority of the national bank's or savings association's board of directors approving the use of the limits, and confirming the terms and conditions for use of this lending authority; and (4) A description of how the board will exercise its continuing responsibility to oversee the use of this lending authority. 12 CFR 32.9(b) provides national banks and savings associations with three alternative methods for calculating the credit exposure of derivative transactions other than credit derivatives (the Internal Model Method, the Conversion Factor Matrix Method, and the Remaining Maturity Method) and two alternative methods for calculating such exposure for securities financing transactions. The OCC provided these models to reduce the practical burden of such calculations, particularly for small and mid-size banks and savings associations. Under 12 CFR 32.9(b)(1)(i)(C)(1), the use of a model (other than the model approved for purposes of the Advanced Measurement Approach in the capital rules) must be approved by the OCC specifically for part 32 purposes and must be approved in writing. If a national bank or Federal savings association proposes to use an internal model that has been approved by the OCC for purposes of the Advanced Measurement Approach, the institution must provide prior written notification to the OCC prior to use of the model for lending limits purposes. OCC approval also is required before substantive revisions are made to a model that is used for lending limits purposes. Estimated Number of Respondents: 295. Estimated Annual Burden: 1,958 hours. On April 4, 2016, the OCC published a notice for 60 days of comment concerning the collection, 81 FR 19288. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC's estimate of the information collection burden; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: June 10, 2016. Mary Hoyle Gottlieb, Regulatory Specialist, Legislative and Regulatory Activities Division. [FR Doc. 2016-14162 Filed 6-14-16; 8:45 am] BILLING CODE 4810-33-P
![39104 Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices
DEPARTMENT OF TRANSPORTATION is a vital standalone PTC system as DEPARTMENT OF THE TREASURY
defined in 49 CFR 236.1015(e). The
Federal Railroad Administration PTCSP describes PATH’s CBTC Office of the Comptroller of the
[Docket Number FRA–2010–0034] implementation and the associated Currency
CBTC safety processes, safety analyses,
Port Authority Trans-Hudson and test, validation, and verification Agency Information Collection
Corporation’s Request for Positive processes used during development of Activities: Information Collection
Train Control Safety Plan Approval and CBTC. The PTCSP also contains PATH’s Renewal; Submission for OMB Review;
System Certification operational and support requirements Lending Limits
and procedures. AGENCY: Office of the Comptroller of the
AGENCY: Federal Railroad
PATH’s PTCSP and the accompanying Currency (OCC), Treasury.
Administration (FRA), U.S. Department
request for approval and system
of Transportation (DOT). ACTION: Notice and request for comment.
certification are available for review
ACTION: Notice of availability and online at www.regulations.gov (Docket
request for comments. SUMMARY: The OCC, as part of its
Number FRA–2010–0034) and in person continuing effort to reduce paperwork
SUMMARY: This document provides the at DOT’s Docket Operations Facility, and respondent burden, invites the
public with notice that the Port 1200 New Jersey Avenue SE., W12–140, general public and other Federal
Authority Trans-Hudson Corporation Washington, DC 20590. The Docket agencies to comment on the renewal of
(PATH) submitted to FRA its Positive Operations Facility is open from 9 a.m. an information collection, as required
Train Control Safety Plan (PTCSP), to 5 p.m., Monday through Friday, by the Paperwork Reduction Act of 1995
Revision 3.0, dated March 23, 2016. except Federal Holidays. (PRA).
PATH asks FRA to approve its PTCSP Interested parties are invited to An agency may not conduct or
and issue a Positive Train Control (PTC) comment on the PTCSP by submitting sponsor, and a respondent is not
System Certification for PATH’s written comments or data. During its required to respond to, an information
Communication Based Train Control review of the PTCSP, FRA will consider collection unless it displays a currently
(CBTC) system, under Title 49 Code of any comments or data submitted. valid Office of Management and Budget
Federal Regulations (CFR) 236.1009, However, FRA may elect to not respond (OMB) control number.
Procedural requirements, and 236.1015, to any particular comment and, under The OCC is soliciting comment
PTC Safety Plan content requirements 49 CFR 236.1009(d)(3), FRA maintains concerning renewal of its information
and PTC System Certification. This the authority to approve or disapprove collection titled, ‘‘Lending Limits.’’ The
notice was assigned to Docket Number the PTCSP at its sole discretion. FRA OCC also is giving notice that it has sent
FRA–2010–0034. does not anticipate scheduling a public the collection to OMB for review.
DATES: FRA will consider hearing regarding PATH’s PTCSP
DATES: Comments must be submitted by
communications received by July 15, because the circumstances do not
July 15, 2016.
2016 before taking final action on the appear to warrant a hearing. If any
interested party desires an opportunity ADDRESSES: Because paper mail in the
PTCSP. FRA may consider comments
for oral comment, the party should Washington, DC area and at the OCC is
received after that date if practicable.
notify FRA in writing before the end of subject to delay, commenters are
ADDRESSES: All communications encouraged to submit comments by
concerning this proceeding should refer the comment period and specify the
basis for his or her request. email, if possible. Comments may be
to Docket Number FRA–2010–0034 and sent to: Legislative and Regulatory
may be submitted by any of the Privacy Act Notice Activities Division, Office of the
following methods: Comptroller of the Currency, Attention:
• Web site: http:// Anyone may search the electronic
form of any written communications 1557–0221, 400 7th Street SW., Suite
www.regulations.gov. Follow the online 3E–218, Mail Stop 9W–11, Washington,
instructions for submitting comments. and comments received into any of our
dockets by the name of the individual DC 20219. In addition, comments may
• Fax: 202–493–2251. be sent by fax to (571) 465–4326 or by
• Mail: Docket Operations Facility, submitting the comment (or signing the
electronic mail to regs.comments@
U.S. Department of Transportation, 1200 document, if submitted on behalf of an
association, business, labor union, etc.). occ.treas.gov. You may personally
New Jersey Avenue SE., W12–140, inspect and photocopy comments at the
Washington, DC 20590. Under 49 CFR 211.3, Participation by
OCC, 400 7th Street SW., Washington,
• Hand Delivery: 1200 New Jersey interested persons, FRA solicits
DC 20219. For security reasons, the OCC
Avenue SE., Room W12–140, comments from the public to better
inform its decisions. DOT posts these requires that visitors make an
Washington, DC 20590, between 9 a.m. appointment to inspect comments. You
and 5 p.m., Monday through Friday, comments without edit, including any
personal information the commenter may do so by calling (202) 649–6700 or,
except Federal Holidays. for persons who are deaf or hard of
FOR FURTHER INFORMATION CONTACT: Dr. provides, to www.regulations.gov as
described in the system of records hearing, TTY, (202) 649–5597. Upon
Mark Hartong, Senior Scientific and arrival, visitors will be required to
Technical Advisor at (202) 493–1332, or notice (DOT/ALL–14 FDMS), which you
can review at www.dot.gov/privacy. See present valid government-issued photo
Mark.Hartong@dot.gov; or Mr. David identification and submit to security
Blackmore, Railroad Safety Program http://www.regulations.gov/
#!privacyNotice for the privacy notice of screening in order to inspect and
Manager for Applied Technology at
ehiers on DSK5VPTVN1PROD with NOTICES
regulations.gov. photocopy comments.
(312) 835–3903, or David.Blackmore@ All comments received, including
dot.gov. Robert C. Lauby, attachments and other supporting
SUPPLEMENTARY INFORMATION: In its Associate Administrator for Railroad Safety, materials, are part of the public record
revised Positive Train Control Chief Safety Officer. and subject to public disclosure. Do not
Implementation Plan, referenced in its [FR Doc. 2016–14122 Filed 6–14–16; 8:45 am] include any information in your
PTCSP, PATH asserts its CBTC system BILLING CODE 4910–06–P comment or supporting materials that
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![Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices 39105
you consider confidential or national bank or eligible savings through the use of automated collection
inappropriate for public disclosure. association; techniques or other forms of information
Additionally, please send a copy of (2) Citations to relevant State laws or technology; and
your comments by mail to: OCC Desk regulations; (e) Estimates of capital or start-up
Officer, 1557–0221, U.S. Office of (3) A copy of a written resolution by costs and costs of operation,
Management and Budget, 725 17th a majority of the national bank’s or maintenance, and purchase of services
Street NW., #10235, Washington, DC savings association’s board of directors to provide information.
20503, or by email to: oira_submission@ approving the use of the limits, and Dated: June 10, 2016.
omb.eop.gov. confirming the terms and conditions for
Mary Hoyle Gottlieb,
FOR FURTHER INFORMATION CONTACT: use of this lending authority; and
(4) A description of how the board Regulatory Specialist, Legislative and
Shaquita Merritt, Clearance Officer, Regulatory Activities Division.
(202) 649–5490 or, for persons who are will exercise its continuing
responsibility to oversee the use of this [FR Doc. 2016–14162 Filed 6–14–16; 8:45 am]
deaf or hard of hearing, TTY, (202) 649–
5597, Legislative and Regulatory lending authority. BILLING CODE 4810–33–P
Activities Division, Office of the 12 CFR 32.9(b) provides national
Comptroller of the Currency, 400 7th banks and savings associations with
three alternative methods for calculating DEPARTMENT OF THE TREASURY
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
the credit exposure of derivative
Internal Revenue Service
is publishing notice of the renewal of transactions other than credit
the collection of information set forth in derivatives (the Internal Model Method, Proposed Collection; Comment
this document. the Conversion Factor Matrix Method, Request for Regulation Project
Title: Lending Limits. and the Remaining Maturity Method)
OMB Control No.: 1557–0221 (12 CFR and two alternative methods for AGENCY: Internal Revenue Service (IRS),
32.7) (Merging in 1557–0317 (12 CFR calculating such exposure for securities Treasury.
32.7)). financing transactions. The OCC ACTION: Notice and request for
Affected Public: Businesses or other provided these models to reduce the comments.
for-profit. practical burden of such calculations,
Type of Review: Extension of a particularly for small and mid-size SUMMARY: The Department of the
currently approved collection. banks and savings associations. Treasury, as part of its continuing effort
Abstract: 12 CFR 32.7(a) provides Under 12 CFR 32.9(b)(1)(i)(C)(1), the to reduce paperwork and respondent
that, in addition to the amount that a use of a model (other than the model burden, invites the general public and
national bank or savings association approved for purposes of the Advanced other Federal agencies to take this
may lend to one borrower under 12 CFR Measurement Approach in the capital opportunity to comment on proposed
32.3, an eligible national bank or rules) must be approved by the OCC and/or continuing information
savings association may make specifically for part 32 purposes and collections, as required by the
residential real estate loans, small must be approved in writing. If a Paperwork Reduction Act of 1995,
business loans, small farm loans or national bank or Federal savings Public Law 104–13 (44 U.S.C.
extensions of credit thereof to one association proposes to use an internal 3506(c)(2)(A)). Currently, the IRS is
borrower in the lesser of the following model that has been approved by the soliciting comments concerning
two amounts: 10 percent of its capital OCC for purposes of the Advanced information collect requirements related
and surplus; or the percent of its capital Measurement Approach, the institution to the treatment of distributions to
and surplus, in excess of 15 percent, must provide prior written notification foreign persons under sections 367(e)(1)
that a State bank or savings association to the OCC prior to use of the model for and 367(e)(2).
is permitted to lend under the State lending limits purposes. OCC approval DATES: Written comments should be
lending limit that is available for also is required before substantive received on or before August 15, 2016
residential real estate loans or revisions are made to a model that is to be assured of consideration.
unsecured loans in the state where the used for lending limits purposes. ADDRESSES: Direct all written comments
main office of the national bank or Estimated Number of Respondents: to Tuawana Pinkston, Internal Revenue
savings association is located.1 295. Service, Room 6526, 1111 Constitution
An eligible national bank or savings Estimated Annual Burden: 1,958 Avenue NW., Washington, DC 20224.
association must submit an application hours.
FOR FURTHER INFORMATION CONTACT:
to, and receive approval from, its On April 4, 2016, the OCC published
a notice for 60 days of comment Requests for additional information or
supervisory office before using the copies of the regulation should be
supplemental lending limits in § 32.7(a). concerning the collection, 81 FR 19288.
No comments were received. Comments directed to Allan Hopkins, at Internal
The supervisory office may approve a Revenue Service, Room 6129, 1111
completed application if it finds that continue to be invited on:
(a) Whether the collection of Constitution Avenue NW., Washington,
approval is consistent with safety and DC 20224, or through the Internet, at
soundness. Section 32.7(b) provides that information is necessary for the proper
performance of the functions of the Allan.M.Hopkins@irs.gov.
the application must include:
OCC, including whether the information SUPPLEMENTARY INFORMATION:
(1) Certification that the national bank
or savings association is an eligible has practical utility; Title: Treatment of Distributions to
(b) The accuracy of the OCC’s Foreign Persons Under Sections
ehiers on DSK5VPTVN1PROD with NOTICES
1 An eligible national bank or eligible savings estimate of the information collection 367(e)(1) and 367(e)(2).
association is well capitalized as defined in the burden; OMB Number: 1545–1487.
prompt corrective action rules applicable to the (c) Ways to enhance the quality, Regulation Project Number: REG–
institution and has a composite rating of 1 or 2 utility, and clarity of the information to 209827–96 and REG–111672–99.
under the Uniform Financial Institutions Rating
System in connection with its most recent be collected; Abstract: Section 367(e)(1) provides
examination or subsequent review, with at least a (d) Ways to minimize the burden of that, to the extent provided in
rating of 2 for asset quality and for management. the collection on respondents, including regulations, a domestic corporation
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Document Created: 2016-06-15 02:21:08
Document Modified: 2016-06-15 02:21:08
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments must be submitted by July 15, 2016. | |
| Contact | Shaquita Merritt, Clearance Officer, (202) 649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. | |
| FR Citation | 81 FR 39104 |
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